Updated almost 2 years ago on . Most recent reply
š” Calling all real estate investors! š”
I am an investor and real estate agent and I've just secured a fantastic deal (duplex) for one of my clients, featuring an impressive 8+% cap rate with reliable tenants already in place, no repairs needed. Now, I want to hear from you seasoned investors out there ā what are your thoughts on an 8%+ cap rate? Is this the kind of investment opportunity that gets your attention? Drop your insights and opinions below ā let's start a conversation about what makes a great real estate investment in this market! š¼š
Looking forward to hearing from all you savvy investors and/or new investors that want to learn more about opportunities like that!
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#1 House Hacking Contributor
- Real Estate Agent
- Metro Detroit
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#1 House Hacking Contributor
- Real Estate Agent
- Metro Detroit
So little info in your post, sounds like all hype for more clients.
What Class is the property - A, B, C, D?
Please define, "reliable tenants".
- Did you make this statement based upon their credit scores?
- Rental payment history over the last 2 years?
- How long have they even been in the property?
When do the current leases end?
How thorough was the buyer's inspection?
- Was the sewerline camera'd?
If this is a Class A or B property and all the questions above properly addressed, then from what I've read of the Seattle are market, this appears to be a great deal.
- Michael Smythe
